Cash Book

[Mike or Penny Novack]

> I use the Balance Sheet(equile), but I need
>to start the new year with a new balances.  The Balance sheets in gnucash
>are continuous.
>
>Can somebody please advise-
>
>Thanks
>
>Chris 
>  
>
I do NOT understand that. What could you possibly mean by "The Balance 
sheets in gnucash are continuous"?

A Balance Sheet lists each "standing" account, each with its final 
amount as of the date specified. A Balance Sheet is ALWAYS as of some 
instance in time. There's no reference to what might have been in the 
past or will be in the future.

If you are referring to the non-standing accounts like income and 
expense accounts which are temporary accounts of fundamental type 
"equity" those do NOT appear on a balance sheet. Their net appears on 
the Balance Sheet as the delta of equity (gain or loss) from the initial 
value of equity.

But if you are still unsure, just do the "close the books" operation 
which will zero out these (temporary) accounts into equity explicitly.

Michael.